JEPI is an equity ETF from J.P. Morgan, while QQQM is an equity ETF from Invesco. JEPI and QQQM show limited overlap, with an estimated weighted overlap of 19.31%. They share 27 holdings in the loaded dataset, led by WMT, NVDA, and AMZN.
Freshly computed.
Quick Answer
JEPI is an equity ETF from J.P. Morgan, while QQQM is an equity ETF from Invesco. JEPI and QQQM show limited overlap, with an estimated weighted overlap of 19.31%. They share 27 holdings in the loaded dataset, led by WMT, NVDA, and AMZN.
Data Freshness
Review the methodology for the overlap formula and refresh policy.
Compare another pair
JEPI is an equity ETF from J.P. Morgan, while QQQM is an equity ETF from Invesco. JEPI and QQQM do not own much of the same portfolio weight. That usually means you are combining different parts of the market, with only a small amount of duplication through names like WMT, NVDA, and AMZN.
JEPI is an equity ETF from J.P. Morgan, while QQQM is an equity ETF from Invesco. Neither fund clearly dominates on breadth, so the practical difference is more about weighting, index construction, and cost. QQQM has the lower expense ratio, while JEPI charges more for its exposure.
The overlap is driven by a relatively small set of large shared positions. The top three shared holdings account for 22.01% of the score, which means the result is heavily influenced by the biggest common weights rather than a long tail of tiny positions.
Because JEPI and QQQM are closer in breadth, the better fit usually comes down to index methodology, issuer preference, and cost. QQQM has the lower expense ratio, while JEPI charges more for its exposure.
Concentration
The top three shared holdings explain 22.01% of the full overlap score.
That helps show whether the score comes from a handful of giant shared positions or from a broader mix of common holdings.
Shared Sector Tilt
Sector tags are not consistently available for the biggest shared positions in this dataset, so this comparison leans more on the specific holdings than on sector labels.
These are the holdings contributing the most to the overlap score between JEPI and QQQM.
| Holding | Name | JEPI Wt. | QQQM Wt. | Overlap |
|---|---|---|---|---|
| WMT | Walmart, Inc. | 1.43% | 2.47% | 1.43% |
| NVDA | NVIDIA Corp. | 1.41% | 8.13% | 1.41% |
| AMZN | Amazon.com, Inc. | 1.41% | 4.60% | 1.41% |
| AAPL | Apple, Inc. | 1.39% | 7.26% | 1.39% |
| GOOGL | Alphabet, Inc. | 1.38% | 3.51% | 1.38% |
| AVGO | Broadcom, Inc. | 1.31% | 3.36% | 1.31% |
| MSFT | Microsoft Corp. | 1.28% | 5.30% | 1.28% |
| META | Meta Platforms, Inc. | 1.19% | 2.96% | 1.19% |
| COST | Costco Wholesale Corp. | 0.89% | 1.86% | 0.89% |
| ADI | Analog Devices, Inc. | 1.28% | 0.88% | 0.88% |
JEPI is an equity ETF from J.P. Morgan, while QQQM is an equity ETF from Invesco. The overlap exists because both funds allocate meaningful weight to the same holdings. In this dataset, the biggest shared drivers are WMT, NVDA, and AMZN, which appear in both portfolios and push the overlap score higher.
Holding both JEPI and QQQM can make sense if you want exposure to different sleeves of the market. The overlap is small enough that both funds may still improve diversification.
Go deeper
Portwise gives you full portfolio diagnostics — concentration risk, hidden risk scoring, drawdown analysis, and risk evolution tracking. Free to start.
Stay informed
Portfolio overlap alerts, new comparison data, and investing insights from the CG Corp team. No spam, unsubscribe anytime.
A straightforward approach used by portfolio analysts.
For every stock that appears in both ETFs, we take the smaller of the two weights. Adding up all those minimums gives the total overlap percentage. A score of 100% means the two ETFs hold the exact same stocks in the same proportions.
Want the full explanation? Read the methodology page.